The London Metal Exchange is expected to publish its white paper on responsible sourcing of metal by around the start of July and is planning to publicly name companies that do not formally respond to a producer survey on standards by the end of the year, the exchange's chief executive officer said. Matthew Chamberlain told Metal Bulletin that a white paper of the results to date is being shared w...Read More
Fireweed Zinc Macmillan Pass PropertyFIREWEED ZINC LTD. (TSXV: FWZ) is pleased to announce the positive results of an independent Preliminary Economic Assessment ("PEA") for its Macmillan Pass Project (the "Project") in Yukon, Canada. The PEA was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") by JDS Energy and Mining, Inc. (JDS) wi...Read More
A freezing order on copper-cobalt assets held by Katanga Mining in the Democratic Republic of Congo (DRC) has not so far had any material effect on the Glencore subsidiary's operations, it said last week.On April 27, Glencore said that Ventora Development Sasu - its former partner in the DRC, which is associated with Israeli businessman Dan Gertler - was suing it for $2.28 billion in unpaid royalt...Read More
On Monday, I'm going to get my ass kicked.You see, in just four days, I'll be doing a CrossFit workout called "Murph."In the world of CrossFit, "Murph" isn't just a workout. It's an event, and it's something we do to honor Navy Lieutenant Michael Murphy, who was killed in action in Afghanistan in 2005.The workout is as follows:1-mile run100 pull-ups200 push-ups300 air squatsAnother 1-mile runAnd i...Read More
Turkish steel producers broke their silence in the deep-sea scrap markets on Thursday May 24 with a fresh transaction for material from the Baltic Sea.A steel producer in the Iskenderun region booked a Baltic Sea cargo, comprising 10,000 tonnes of HMS 1&2 (80:20), 9,500 tonnes of shredded and 5,000 tonnes of plate and structural scrap (P&S) at an average price of $347.50 per tonne cfr.Due to the c...Read More
Chinese customs agents have impounded 16,000 tonnes of lead concentrates they allege is secondary waste material shipped into the country by Swiss miner-trader Glencore, sources with knowledge of the matter told Metal Bulletin. The material has been classified by Chinese customs as "lead-rich slag", a type of solid waste prohibited from entering the country, sources said. A Glencore spokesman cont...Read More
May 24, 2018 (Investorideas.com Newswire) Peter Epstein of Epstein Research makes the case for a South American copper project with what he views as excellent mineralization that is open at depth and in all directions.On April 20, Centenera Mining Corp. (CT:TSX.V; CTMIF:OTCQX) reported a strong partial drill hole result at its Esperanza copper-gold porphyry project in San Juan Province, Argentina....Read More
"When the rivers and air are polluted, when families and nations are at war, when homeless wanderers fill the highways, these are the traditional signs of a dark age."- Pema Chodron, When Things Fall Apart: Heart Advice for Difficult TimesThose coming of age today will face some of the greatest obstacles ever encountered by young people.They will find themselves overtaxed, burdened with excessive...Read More
May 24, 2018 (Investorideas.com Newswire) CIBC reported on this Canadian company's latest business deal.In a May 17 research report, CIBC analyst David Haughton noted that Centerra Gold Inc. (CG:TSX; CADGF:OTCPK) agreed to divest of noncore assets for $200 million to Triple Flag Mining Finance Bermuda. These assets, which Centerra had acquired from AuRico Metals late last year, include AuRico's ro...Read More
Chinese demand for iron ore is expected to be stable this year, with steel producers prioritizing capacity cuts in line with government directives, according to Liu Zhenjiang, secretary general of the China Iron & Steel Association (Cisa). China's gross domestic product growth of 6.8% in the first quarter of the year augured well for iron ore demand for the rest of the year, Zhenjiang told delegat...Read More
A Truism that is Demonstrably TrueMost people are probably aware of the adage "sell in May and go away". This popular seasonal Wall Street truism implies that the market's performance is far worse in the six summer months than in the six winter months. Numerous studies have been undertaken in this context particularly with respect to US stock markets, and they confirm that the stock market on av...Read More
Toronto, Ontario - May 24, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Carube Copper Corp. (TSXV: CUC) (the "Company") is pleased to announce that the Company has signed an option agreement on its 100% owned Rogers Creek Copper Project located in southwest British Columbia. Tocvan Ventures Corp. of Calgary Alberta will have the right to earn 80% of the project by spending $1.9M on explorati...Read More
Comex copper prices bounced-back Thursday May 24 vmorning in the US amid a weaker dollar, which is lending support after a heavy sell-off on Wednesday.Copper for July settlement on the Comex division of the New York Mercantile Exchange recovered 1.2 cents or 0.4% to $3.0825 per lb. "Although copper's fundamentals are supportive over the long term, we see only limited upward pressure in the re...Read More
CloseGain/LossGold $1304.40+$10.80Silver$16.66+$0.21XAU84.38 +1.48%HUI 182.28+1.33%GDM 629.88+1.16%JSE Gold993.02+20.37USD93.77-0.19Euro117.23+0.25Yen91.66+0.68Oil$70.71-$1.1310-Year2.972%-0.021T-Bond142.875+0.65625Dow24811.76 -0.30%Nasdaq 7424.43-0.02%S&P 2727.76-0.20% The Metals: Gold gained $13 to $1306.60 by midmorning In New York before it dri...Read More
The latest in gold assay technology is now operational at Ausdrill's (ASX: ASL) MinAnalytical facility outside Perth, Western Australia.Staff reporter The photon assay system installed at Ausdrill's MinAnalytical laboratory in Perth. Copyright Tony McDonough 24 MAY 201824/05/2018commentsshare Developed by CSIRO, the photon assay technology was commercialised by Chrysos Corporation in partnership w...Read More
Vancouver, British Columbia - May 24, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Forum Energy Metals Corp. (TSXV: FMC) ("Forum") is pleased to announce that it plans to commence a diamond drill program in July on its Janice Lake sedimentary copper project located in northern Saskatchewan's Wollaston Copperbelt. The property, which comprises 18 mining claims totaling 19,289 hectares (Figure...Read More
Click Here to Listen to the InterviewHighlights:Peter Schiff, head of SchiffGold, Euro Pacific Capital, and Euro Pacific Gold Fund (EPGFX) returns with market commentary.Our guest expects fireworks in the gold and silver shares market, as Fed policymakers backpedal on rate hikes.To save the domestic economy from deflationary collapse, policymakers will turn dovish and expand the balance sheet in t...Read More
COLORADO SPRINGS, CO, May 24, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of 1/6 of a cent per common share for May 2018 payable on June 25, 2018 to shareholders of record as of June 11, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and...Read More
Three-month base metals prices on the London Metal Exchange were once again mixed on the morning of Thursday May 24, with copper up 0.4% at $6,864 per tonne, while aluminium, nickel and zinc prices were off between 0.2% and 0.5%.Volume on the LME has been above average, with 7,338 lots traded as of 7.40 am London time. This follows a general day of weakness on Wednesday that saw the complex down a...Read More
May 24, 2018 (Investorideas.com Newswire) The Critical Investor examines a company that has been diligently exploring a copper-zinc project in British Columbia.Kutcho project, VP Exploration Rory Kutluoglu1. Introduction After entering the markets with a big splash in December 2017, on the back of an almost monumental deal (for a nano cap) with Wheaton Precious Metals Corp. (WPM:TSX; WPM:NYSE), Ku...Read More